No change in Canara Bank interest rates
Canara Bank, a leading public sector bank, has retained its Marginal Cost of fund based Lending Rate (MCLR) on loans / advances across all tenors with effect from March 7, 2022.
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Hyderabad Canara Bank, a leading public sector bank, has retained its Marginal Cost of fund based Lending Rate (MCLR) on loans / advances across all tenors with effect from March 7, 2022.
The existing overnight and one-month MCLR remains at 6.55 per cent. And there is no change in existing three month and six months MCLR which is at 6.85 per cent and 7.20 per cent respectively. Also there is no change in one-year MCLR which stood at 7.25 per cent.
Founded in July 1906, at Mangalore, Canara Bank is the third-largest public sector bank in the country. The bank has gone through various phases in its growth trajectory over the hundred years of its existence. The growth of the bank was phenomenal, especially after nationalisation in the year 1969, attaining the status of a national-level player in terms of geographical reach and clientele segments. In June 2006, the bank completed a century of operations in the Indian Banking industry. The eventful journey of the Bank has been characterized by several memorable milestones.
